Motown gears up for fast-lane drive as second wave of Covid-19 abates

India Inc faltered in Q1 of this financial year due to the second wave of the pandemic. What do the prospects for Q2 look like? The first of a four-part series looks at the automobile industry

As the second wave of the Covid-19 pandemic abates, India’s automakers are hopeful of a quick recovery in sales volumes, led by better rural sentiment, low interest rates, improved availability of finance and a gradual uptick in business and economic activity. In fact, companies have started to ramp up production already, encouraged by high order books and the growing preference for private transport in both rural and urban areas as a means to avoid infections.

In early April, the industry had been bullish as the sales trend for March showed that the effects of the Covid-19 pandemic had been left behind.